Life and AD&D
• Flat Plans: Equal insurance for all employees.
• By Class: Benefits are based on specific employee Classes (e.g., Owners, Managers, Salary, Hourly).
• Multiple of Earnings Plans: Insurance based on a multiple of annual earnings. Options for varying levels by occupation, salary, or service length. Voluntary plans available.
Plan Design Features
Group Term Life
• Guarantee issue*
o 2 – 9 enrolled: $50,000
o 10 or more enrolled: $100,000
• Employees covered as a group with no underwriting for health conditions up to guarantee issue limits
• Eligibility is based on employment and continues as long as the employee meets eligibility terms of the policy
• If an employee does not contribute, 100% participation required
• If an employee does contribute, 75% participation is required, and the employer must contribute a minimum of 50% of the premium
• Additional Features:
o Conversion
o Accelerated Death Benefit provision included
o Waiver of premium
o Schedule of benefits age reduction options
Supplemental Life
• Guarantee issue*
o 5 – 9 enrolled: $50,000 (Spouse: $25,000)
o 10 or more enrolled: $100,000 (Spouse: $25,000)
• Available in conjunction with Group Term Life and requires either a minimum of 5 enrolled OR 25% participation, whichever is greater
• Contributions collected through payroll deduction
• Portability option available
• Accelerated Death Benefit Provision included
Voluntary Life
• Guarantee issue*
o 5 – 9 enrolled: $50,000 (Spouse: $25,000)
o 10 or more enrolled: $100,000 (Spouse: $25,000)
• Available as a stand-alone benefit without Group Term Life and requires a minimum of 5 enrolled employees OR 25% participation, whichever is greater
• Employee pays more than 50% of the premium
• Contributions collected through payroll deduction
• Portability option available
• Accelerated Death Benefit Provision included
Dependent Life
Accidental Death & Dismemberment (AD&D)
• Available in conjunction with Group Term Life, Supplemental Life, and Voluntary Life
• Adds coverage for employee’s spouse and children ages 14 days to age 19 (or 25 if full-time student)
• Accelerated Death Benefit Provision included
• Available in conjunction with Group Term Life, Supplemental Life and Voluntary Life
• Provides additional benefits for accidental death or certain severe accidental injuries
• Includes Seatbelt Benefit
• Additional Benefit Features available
Please note that not all combinations and benefits may be available in all states and/or market-segments. *Reduced Guarantee Issue amount for members 70+ years old at the time of enrollment